Toorak Capital Partners, based in Tampa, has crossed a major milestone, announcing it has funded more than $15 billion in mortgage loans since its founding in 2016.
The real estate lending platform, which focuses on business-purpose loans for professional real estate investors, has originated over 35,000 loans backed by residential, multifamily and mixed-use properties across the U.S. and U.K. The activity has supported the construction, renovation or purchase of more than 66,000 rental and non-owner-occupied housing units.
“Hitting this $15 billion milestone is a reflection of our commitment to being the capital engine behind real estate entrepreneurs across the U.S. and U.K.,” said John Beacham, chief executive officer of Toorak. “We’ve helped professional investors bring tens of thousands of homes to market with speed and certainty.”
Toorak sources many of its loans through its sister company, Merchants, and an expanding network of originators and funding partners. The company holds onto the credit risk and funds the loans in the capital markets, which in turn helps generate capital for further lending.
The firm has also invested in proprietary technology, including Toorak Connect, an AI-powered loan review platform designed to increase speed and accuracy in underwriting.
Since inception, Toorak has completed $4.1 billion in securitizations across 16 deals, spanning revolving and long-term rental property loan transactions.